BUSINESS PLAN| BY @SOLEXYBABA - 10% PAYOUT TO THE COMMUNITY ACCOUNT

Image edited on Canva

A beautiful morning to everyone present in this wonderful community known as STEEM4NIGERIA I greet you all a happy Sunday and I want to believe that we all slept very well. Today I will be emphasizing on particular topic in business which I titles Business plan.

It is quite necessary as business minded people to known the meaning of business plan and what is entails in the aspect of business, now why don't you spare some minute to read my article on business plan.

It is very vital for every business person to come out with a business plan. just as we plan our day, creating schedules and figuring out where and who to visit, getting the right out-fit for the day and making sure all is in other before you exit the your door, same where one is needed to plan his or her on business in other for the business to move swiftly and accordingly.

Before we go further, I will like to explain what the word business plan is talking about.

WHAT IS A BUSINESS PLAN?

source

A business plan is a proper arrangement of items, activity that are needed to run a business in an orderly manner in other for the business to work. the growth of the business solely depends on the business plan and the activities around it.

It is always said that one needs to dress just the way he would like to be addressed, that is how business also works. you have to develop a concise plan of the business you want to start before opting in to the business.

The business plan is a strategized event and activities that are seen as guidelines to protect and promote the business.

That is why it is often advisable that before you start a business, know more about that business, inquire how lucrative it is and how it is being run before you decide to begin such business because it is necessary to know about a thing before going after it, for this will help save future eventualities.

The business plan is always the first step before you begin and it is expected that you get a clearer picture of what you will be doing, needing and how much capital will one need before starting up the said business, to whom will you be selling the goods to and the location the business is meant to be situated and from where will you get the supplies of the business items. all these are needed to be put into consideration before you begin a business.

The reason why so many business owners fail is because there had been no proper planning of the business from the very unset before the commencement of the business, and that is why today most businesses are going down because of lack of adequate planning.

Having a business plan will help you think outside the box and especially you get to ask your self certain questions like what if? yes , I know is is fine and wonderful to be optimistic but sometimes we need to weigh our options before doing things.

Just the way we are experiencing certain trends in the crypto currency world, same way we are experiencing in the business world. there are often bullish and bearish trends in the business world, it just that the business world is not so volatile like that of the crypto currency.

Now every new business owner comes into the system without having that thought. they always forget that in business there are downtrends as well, just as little traders, they only think about the uptrends and are never prepared for the worse.

They do not have a second plan aside their master plan and that is why most business are struggling to date, you will see a new trader coming into the business world with the mindset of becoming rich in a short while because he or she feels there will be customers coming to buy the items on a regular.

And when things goes south and hen feel they can no longer cope with the tempo, they quickly exit the business world and this scenario is due to the lack of a business proper planning.

I will have to stop here for today, but soon I will be leaving for us all here in this community some keys for planning your business.

It is necessary for we business owners to know not just the concept of business but also the planning of the business for a proper sustainability of the business but until then, I wish you all a wonderful day ahead.